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The Portfolio Management Division (PMD) is responsible for the proactive monitoring and management of all closed LPO loan guarantees. The Deputy Director, PMD, exercises leadership and possesses a high degree of business acumen for managing an expanding portfolio of loan guarantees and requisite monitoring systems. The role requires well-developed leadership abilities, business acumen, and negotiation skills to lead teams monitoring large, complex federal loans.
Learn more about this agency11/15/2024 to 11/29/2024
$193,819 - $221,900 per year
ES 00
1 vacancy in the following location:
No
Yes—as determined by the agency policy.
Occasional travel - You may be expected to travel for this position.
No
Permanent
Full-time
Senior Executive
00
Yes
Yes
Yes
25-LP-ES-00693-12612149-ES
819345100
Current or former competitive service federal employees.
Current excepted service federal employees.
Those who meet the five Executive Core Qualifications (ECQs).
Open to current competitive and excepted service Federal employees. Open to individuals who have been approved by the Office of Personnel Managment's Qualifications Review Board. This includes current and former career SES executives and individuals who have completed an Agency-approve career development program that culminated with QRB approval.
The Deputy Director, PMD, serves as the Department's chief oversight manager for approved DOE loan guarantees, and directs the organizational activities of the division. The Deputy Director, PMD, exercises management authority over the life cycle of an approved loan subsequent to financial close through the final payment of the guaranteed debt obligation or expiration of the loan guarantee. This oversight responsibility is expected to evolve over several decades as approved projects move from design, engineering, and construction phases into operating phases of the project life cycle.
Establishes PMD processes and oversight requirements for portfolio management and project oversight, including the development of Credit Monitoring Plans (CMPs), which provide the guidance, template, and basis for rating and monitoring the risks of individual projects with approved loans.
Collaborates with other LPO Division Directors on the development of CMPs. Establishes and monitors compliance with CMPs and approves quarterly/semi-annual project credit reports.
Oversees all post-issue asset management activities including periodic reassessment of the risk profiles of projects with approved loan guarantees, processing of requested modifications to loan terms, including, but not limited to, amendments, waivers, and consents as provided for in individual loan guarantee agreements, pre-claim structuring, claim payments, post-claims restructurings, and settlements.
In consultation with the PMD Director and/or LPO Director, serves as chief negotiator for the rescheduling of debt and exercises broad discretionary authority in deciding upon various courses of action that will affect such recovery. Represents DOE's interests in complex negotiations with borrowers, co-creditors, and outside legal, marketing, and financial experts. Establishes loan loss reserves.
Plans and develops claim methods and procedures in consultation with the PMD Director, LPO Director, LPO Chief Operating Officer, LPO General Counsel, LPO Contracting Officer, and other LPO Division Directors as needed.
Takes action (including, but not limited to, extension, forbearance, rescheduling, workouts, litigation, collateral repossession, and other collection actions) as may be necessary to effect maximum recoveries.
Provides input and consultation to the LPO Origination Division prior to loan closure to ensure that the loan credit approval package and financing agreements associated with a project loan guarantee incorporate appropriate conditions precedent and performance monitoring indicators. Participates in business closing/disbursement meetings to assure that adequate information is available from the LPO Origination Division for loan monitoring.
Concurs on formal LPO decision documents, official briefings, presentation materials, and program announcements related to PMD functions. Develops and presents briefings for the Credit Review Board, Risk and Portfolio Monitoring Committee, the Secretary of Energy, and other stakeholders.
The incumbent has the responsibility for promoting Diversity and Equal Employment Opportunity (EEO) and for ensuring full implementation of the Diversity, EEO and Affirmative Employment Program Plan. Provides management direction and input to affirmative action goals and objectives; ensures that personnel management within the organizational entity under supervision is accomplished without regard to race, color, religion, sex, age, disability, or national origin. The incumbent is responsible for managing workforce diversity and instilling a sense of community throughout the organization to create a work environment in which all staff members are fully supported.
CITIZENSHIP: You must be a U.S. Citizen or National.
BACKGROUND INVESTIGATION: You must pass a background investigation.
PUBLIC FINANCIAL DISCLOSURE REPORT (OGE 278): If you are selected for this position, you will be required to file this report prior to entry on duty in accordance with the Ethics of Government Act of 1978.
DRUG TESTING: As a condition of appointment to this position, if you are selected, you will be required to pass a drug test. If you fail to take the test or fail the test, you will no longer be considered for the job.
PROBATIONARY PERIOD: You must complete a one-year SES probationary period.
SELECTIVE SERVICE: If you are a male born after December 31,1959, you must be registered with the Selective Service registration. To learn more about this law, visit the Selective Service web page, Who Must Register.
MOBILITY: A mobility agreement may be required based on mission needs.
E-VERIFY: New employees will be required to pass the employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit www.dhs.gov/E-Verify.
There are no educational requirements for this position.
The U.S. Department of Energy fosters a diverse and inclusive workplace and is an Equal Opportunity Employer.
Telework: Your position may be eligible for workplace flexibilities including telework options, and/or flexible work scheduling. These flexibilities may be requested in accordance with the DOE Workplace Flexibilities policy.
OF-306: You may be required to complete an OF-306, "Declaration for Federal Employment" form used to (a) determine your suitability for Federal Employment and/or (b) in conducting an investigation to determine your suitability or ability to hold a security clearance.
Applications contain information subject to the Privacy Act (PL 93 579, 5 USC 552a). The information is used to determine qualifications for employment and is authorized under Title 5, USC, Section 3302 and 3361.
The Fair Chance Act prohibits specific inquiries concerning an applicant's criminal or credit background unless the hiring agency has made a conditional offer of employment to the applicant. An applicant may submit a complaint to the agency within 30 calendar days of the date of alleged non-compliance by completing the Fair Chance Act Intake Form and submitting it to the Administrative Investigations Program at AdministrativeInvestigations@hq.doe.gov.
The selecting official may need to consult Departmental ethics counsel to determine whether any of your former or current employers, affiliations, or financial holdings conflict with your ability to perform the duties of this position. If necessary, ethics counsel will work with you and the hiring office regarding potential mitigation strategies, if available.
Hiring incentives may be authorized in accordance with agency policy and if funding is available.
This is a non-bargaining unit position.
You will be evaluated for this job based on how well you meet the qualifications above.
Veteran's Preference does not apply to the Senior Executive service (SES).
You will be evaluated on the quality and extent of your total accomplishments, experience, and education (if applicable). Your application will be rated and ranked by an Executive Resources Board (ERB) Panel, comprised of at least three SES members, using only the information submitted within the application package. If your application does not demonstrate sufficient possession of the ECQs and MTQs, you will be determined ineligible for further consideration. In order to be eligible, you must demonstrate that you have depth and breadth of experience to successfully perform the duties of the job.
As part of the Resume Based recruitment method, the ERB Panel conducts a structured interview for all applicants who are determined to be in the top category from the ERB Rating Panel. Based on the Panel's evaluation, applicants who are determined Best Qualified will be referred to the selecting official for further consideration and possible second interview. Persons tentatively selected for appointment to SES positions must prepare their ECQ package for OPM's Quality Review Board (QRB) certification. The QRB review and certification is the last critical step in the SES selection process, and all SES candidates must have their executive qualifications certified by a QRB before being appointed as career members of the SES.
It is important you include and address all ECQs, MTQs, and accomplishments in your resume and optional cover letter. A sample resume addressing ECQs can be viewed in the Guide to SES Qualifications (indexed at page 29-37).
Thoroughly review the following list to determine the documentation you need to submit. If you fail to submit required documentation before the announcement closes, you will be rated "ineligible." Some documents may not apply to all applicants.
To apply for this position, you must provide a complete Application Package which includes:
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.
Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.
Please read the entire announcement and all the instructions before you begin an application. To apply for this position, you must complete the initial online application, to include submission of the required documentation specified in the Required Documents section. A complete application package must be submitted by 11:59 PM (ET) on the announcement closing date to receive consideration. E-mailed applications and/or resumes will not be accepted. Requests for extensions will not be granted.
All statements made in this application are subject to investigation and any false or dishonest answer to any question may be grounds for disqualification and loss of consideration. If your resume does not support the responses in your application questionnaire, or if you fail to submit required documentation before the vacancy closes, you will be rated 'ineligible' or 'not qualified'.
The application process is as follows:
We will continue to update your status online as changes are made. Applicants who meet the mandatory ECQs and MTQs will be evaluated by a panel of senior executives. If you are selected, reference checks may be completed. DOE's Executive Resources Board will make a final approval of the selection, and in competitive cases, OPM's Qualifications Review Board (QRB) must certify the ECQs before final appointment can occur. If OPM/QRB certification is required, you will be required to prepare your ECQ package for OPM/QRB certification. Verification of performance, suitability and security information from reference checks will be taken into consideration before making final job offer.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/819345100. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
Learn more about
The mission of the Loan Programs Office (LPO) is to finance America's energy infrastructure by:
Offering a bridge to private financing: LPO manages programs that bridge a gap in financing large-scale energy infrastructure projects. Commercial lenders tend to prefer projects that use technologies or reach markets that are established and proven because they have history of operations and can be replicated. Emerging technologies and markets may hold great potential but are frequently bypassed for commercial lending because those technologies and markets may not be as well understood. Projects using innovative technologies, tribal borrowers, and advanced technology vehicle manufacturing facilities may have trouble accessing capital markets because those markets may not be well understood yet by private lenders. There can be little incentive to take the time necessary to understand new technologies and markets. LPO's loan programs were created by Congress to be a bridge for projects that support America's energy infrastructure but cannot easily gain access to private financing until proven at commercial-scale.
